Not possible to buy the dip
The bearish season has thought us all something that has worked out well for some coins and a big mistake for other coins. Buying the dip is a popular saying that comes with the bearish market and each time a coin dips people will tell you to buy the dip. This ideal has worked out perfectly well in some projects and badly in other projects.
If we check the rate at which the top 100 cryptos have changed over the years we will know that it will be good if we do our research very well and know where we should put our hard earn money. The one that happened recently is terra and while terra was dipping some people buy it and we all know how the story of terra ends.
There's always a good feeling when you are buying a coin at a discount price because you know full well the bull comes with abundance and you will be in great profit when there's a change in trend. This bear market is different it comes with another problem on its own because of inflation.
Trying harder
So many people are already in economic crisis and their day-day life is getting difficult each day because many people have to adjust the way they spend and what they spend, This has already affected some people's savings which makes it difficult to buy the dip in this current market.
How can you buy the dip when you are still struggling to live normally with the little you have. Some people have enough and no matter how hard the time maybe they will still have enough but we all know that the majority of people are not in this equation.
I have a friend that is considering borrowing money to buy the dip and watch it ride but to me is not a great idea especially when you are investing in crypto that the bull run is not certain and anything can happen. We might think it will not take long but even take longer.
But how
This is the question I have been asking myself, the potential of bitcoin can't be underestimated, and buying it now that is low will be amazing but how can someone will little income take this advantage without too much risk. I know no risk no reward but the reality is just simple I don't have the money. I know someone reading this might probably think waiting will be better which I think is not because if the market dip more I don't think I can raise money to buy and if the trend change now we might never see this opportunity again.
As an hiver I have three solid things I can do and the number one thing is to buy with my fiat which is not possible for me at the moment, the second thing is to stick with my hive curation, splinterlands earnings, hbd payout, and my author payout which is not much and by the time bear is over I might not accumulate enough and the last which is to borrow and I don't think is good.
Conclusion
What I conclude presently is to enjoy the ride and never force anything because if the bear ends up like its predecessor I might have raised money to buy and the inflation might I have been the thing of the past by then and the little I buy with my little earns would have meant something by then. Inflation is affecting everybody but the crypto market is not also doing well how do you intend to buy your dip?
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